does financing a new iphone 6 affect credit?

[Anonymous]

I used the ATT upgrade to finance an iphone 6 plus...2 year financing for an $850 phone...chaned the rate plan...i've been doing business with ATT for eons and shopped around before doing this...never financed a phone before, no credit was pulled (maybe a soft pull if anything)...is this considered debt like a credit card?  Effect on score?

Mine is at 681 according to fico discover, 695 equifax, 675 experien (may AMEX pull)

[Anonymous]

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@Anonymous wrote:

I used the ATT upgrade to finance an iphone 6 plus...2 year financing for an $850 phone...chaned the rate plan...i've been doing business with ATT for eons and shopped around before doing this...never financed a phone before, no credit was pulled (maybe a soft pull if anything)...is this considered debt like a credit card?  Effect on score?

Mine is at 681 according to fico discover, 695 equifax, 675 experien (may AMEX pull)

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No effect.  Doesn't report.  Under new scoring models being considered payments on utilities and cell phones may be considered but they don't for now.

[NRB525]

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@Anonymous wrote:

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@Anonymous wrote:

I used the ATT upgrade to finance an iphone 6 plus...2 year financing for an $850 phone...chaned the rate plan...i've been doing business with ATT for eons and shopped around before doing this...never financed a phone before, no credit was pulled (maybe a soft pull if anything)...is this considered debt like a credit card?  Effect on score?

Mine is at 681 according to fico discover, 695 equifax, 675 experien (may AMEX pull)

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No effect.  Doesn't report.  Under new scoring models being considered payments on utilities and cell phones may be considered but they don't for now.

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Correct. I also financed my 6 through ATT, and no actual credit filing was made. They do SP your file to make sure you aren't in real credit trouble, but it's a light check. They know people will keep their phone active, and if they don't pay, ATT can brick it for you, no extra charge

[disdreamin]

+1, doesn't report as loan or debt. Asked about this before opting to finance, didn't want a HP for the luxury of paying over time.

[Anonymous]

i wish phone companies would report. that'd be sweet. they hard pull your credit for service now!